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Digital transformation & Artificial Intelligence Adoption
The Tech Republic website noted that executives are turning to artificial intelligence (AI) adoption to fight for digital supremacy against competitors, with high aspirations for its success according to a recent report from the Boston Consulting Group. Organizations want to shift from digital iteration to innovation, using AI to develop new offerings
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BAE: A Radically Different Way For Defense Innovation
The Forbes website reported that BAE Systems, the U.S. arm of Britain’s biggest aerospace and defense conglomerate, has created an organization within its Electronic Systems unit called FAST Labs that combines funding from federal research centers with venture capital and commercial technology incubators
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Open Innovation to Identify New Tools to Combat the Opioid Crisis
The Newswise website noted that the Department of Homeland Security Science and Technology Directorate (S&T) is prioritizing swift interventions to help address the opioid crisis, and using open innovation to expediently source new tools to counter the supply side of the crisis. In February, S&T
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Tips for Building an Ecosystem of Partners
The Engineer website noted that regardless of industry, the goal is the same: open the ecosystem to new skills, expertise and technologies. Open innovation policies must take the company’s objectives into account to ensure usefulness. Involve leaders—to reinforce the influence of open innovation
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Selecting an Open Innovation community as an Alliance Partner
The ScienceDirect website reported on a study which noted that organizations build strategic alliances with other firms with the intent of tapping into partners’ resources and capturing long-term value from these relationships. Such partnerships are typically governed by contractual or equity arrangements
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How to Stay Agile in a Fast Changing World
The YourStory website noted that with companies going digital, they are able to directly connect with customers and engage with them to co-develop products, understand their challenges, and get new ideas going using crowdsourcing, open innovation, and communities. The close engagement with customers
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Japan to Form 40-Company Alliance for Open Innovation
The Asian Review website reported that Toyota Motors and about 40 other leading Japanese companies will create a framework for sharing technologies and business ideas to spur innovation, joining a growing global trend for collaborative development. Japanese companies have traditionally taken a go-it-alone
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Lighting The Fuse Of Innovation
The Asian Scientist website noted that thinking outside the box is easier said than done. Encumbered by preconceived notions about how the world operates, we sometimes fail to see how a problem may be approached from multiple different angles and end up settling for solutions that are simply better
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Debunking the Myths of Open Innovation
The IPI website noted that the barriers to open innovation are lower than you think. We’re here to debunk some of these myths surrounding OI and highlight how an OI approach to business growth is more accessible and implementable than you think. Myth #1: A small company can’t reap the benefits
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Building an Ecosystem of Partners
The Engineer website posted a article which noted that a successful future means integrating with partners in a collaborative ecosystem. Industrial businesses understand this and we have seen more and more collaboration with new partners, including start-ups. But the results often disappoint. A better
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